Why is Cords Cable falling/rising?
As of 30-Jun, Cords Cable Industries Ltd's stock price is 200.75, reflecting a recent decline of 1.4 or 0.69%. Despite this short-term drop, the stock remains above its moving averages and has shown strong long-term performance with significant gains over three and five years.
As of 30-Jun, Cords Cable Industries Ltd is experiencing a decline in its stock price, currently at 200.75, which reflects a decrease of 1.4 or 0.69%. The stock has underperformed its sector by 0.66% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.71% during this period. Despite this recent decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 13.94% against the 5-day average, suggesting some underlying interest in the stock. However, there is no information available regarding positive or negative factors that could be influencing the stock's recent performance.In the broader market context, Cords Cable's short-term performance over the past week shows a gain of 1.90%, which is slightly below the Sensex's increase of 2.09%. Over the past month, the stock has gained 0.38%, while the Sensex has risen by 2.65%. Year-to-date, Cords Cable has underperformed significantly, with a decline of 4.18% compared to the Sensex's gain of 7.00%. The stock's longer-term performance remains strong, with impressive returns of 278.77% over three years and 422.79% over five years, contrasting sharply with its recent struggles.
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